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Plan commission approves multiple TID project-plan amendments and dedicates 20-foot right-of-way at 700 Grand Ave.
Summary
The commission adopted amendments to tax increment district (TID) project plans (TID 3 amendment 6, TID 7 amendment 4, TID 8 amendment 5) to add infrastructure, land-assembly and increment-sharing items, and approved dedication of a 20-foot right-of-way at 700 Grand Avenue as part of a development agreement.
The Wausau Plan Commission on April 29 approved several finance-led project-plan amendments for tax increment districts and approved a 20-foot right-of-way dedication tied to a private development agreement.
TID 3: Finance staff presented Project Plan Amendment No. 6 for Tax Increment District (TID) No. 3, which adds infrastructure projects and associated costs. Mary Anne (finance) described projects including Fulton Street improvements, First to North Seventh Street water and sewer work, First Street River Drive and related water and sewer work, construction and engineering costs for new streets where the mall was demolished, demolition of the old water plant (near Wausau Chemical and River Life Park), Second Street water and sewer between Short and DeKalb, parking ramp improvements and additional on-street…
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